FROM C-I'S PERSPECTIVE

A NOTE TO OUR READERS

Compliance Insights at age 6 is today as energetic as ever and we continue to work at improving our products and services.

Throughout our brief existence, we've thrived and survived largely on the loyalty and interaction of our industry colleagues, like yourselves. Recently, we've encountered speed bumps that, on occasion, affected our ability to operate at a peak level of excellence. This led to periodic disruptions in service.

Fortunately, those issues are temporary. We ask you to stick with us, and grow with us, as we gain traction – first by mapping out, then by implementing our new game plan. Keep in mind, "we're not there yet," but we expect to be there before the end-of-June.

Refer to our past, but bank on our future. In order to benefit you'll need to be fully invested. It's a risk you can live with!

Howard Haykin, Exec. Editor
Compliance-Insights.com

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FROM C-I'S PERSPECTIVE

rFinancial Industry's Lobbyists Deliver Outrageous 'ROI'

by Howard Haykin

[Ed's Note: "ROI"=Return on Investment]

The epic battle over how best to regulate big Wall Street banks is playing out much like a children's fable – in particular, "The Three Little Pigs" comes to mind. The "pigs," or prey, in this scenario, are none other than those regulators and politicians who support the Dodd-Frank Reform Act and its rigidly-provisioned Volcker Rule.

In the role of the "big, bad wolf," or predator, is the collective forces of Wall Street institutions, bank lobbyists (aka hired guns), and politicians – all of whom espouse a more laissez-faire approach for government.

Recalling the fable, each of the little pigs sets out to build a house that will provide protection from the BIG, BAD WOLF …

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THEY SAID

"We are dead I tell you. It is hopeless now. They are going to destroy us."– Bruno Iksil, aka the London Whale, in one of hundreds of messages to JPMorgan trader Julien Grout before the firm lost $6.2 billion.

"I liken [insider trading] to the steroid era in Major League Baseball; it wasn't about right and wrong but about getting an edge in a game where the stakes were huge."– Turney Duff, former stock trader author, whose book, "The Buy Side," relates to the government multi-year investigation into insider trading.